Royal Mail PLC (RMG) Earns Neutral Rating from Davy Research
Royal Mail PLC (LON:RMG)‘s stock had its “neutral” rating reiterated by equities researchers at Davy Research in a report issued on Thursday.
Other research analysts have also issued reports about the company. Beaufort Securities reiterated a “buy” rating on shares of Royal Mail PLC in a research report on Wednesday, July 20th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 435 ($5.43) price objective on shares of Royal Mail PLC in a research report on Wednesday, July 20th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 600 ($7.50) price objective on shares of Royal Mail PLC in a research report on Thursday, September 8th. Barclays PLC reiterated an “overweight” rating and issued a GBX 575 ($7.18) price objective on shares of Royal Mail PLC in a research report on Wednesday, July 20th. Finally, JPMorgan Chase & Co. decreased their price objective on Royal Mail PLC from GBX 605 ($7.56) to GBX 580 ($7.25) and set an “overweight” rating on the stock in a research report on Tuesday, September 20th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Royal Mail PLC currently has an average rating of “Hold” and a consensus price target of GBX 470.17 ($5.87).
Royal Mail PLC (LON:RMG) opened at 477.10 on Thursday. The firm’s market capitalization is GBX 4.77 billion. Royal Mail PLC has a 52-week low of GBX 412.80 and a 52-week high of GBX 549.00. The company’s 50-day moving average price is GBX 490.68 and its 200 day moving average price is GBX 505.73.
Royal Mail PLC Company Profile
Royal Mail plc provides postal services. The Company’s segments include UK Parcels, International & Letters (UKPIL), General Logistics Systems (GLS) and Other. UKPIL operates in the United Kingdom collecting and delivering parcels and letters through approximately two main networks, the Royal Mail Core Network and Parcelforce Worldwide.
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